EUR/JPY Trading Analysis (17/10/2024)

The trend is ascending. The currency pair is trading in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition .

Trading idea:

• Buy at the beginning of the formation of the ascending wave structure, when the wave А breaks the pivot 2 at 162.503 of the downward truncated structure.
• Stop-loss at 162.060.
• Price targets at 163.200 and163.600.

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